Narrative reporting for financial reports – risk and governance

This second post on narrative reporting for financial reports, focuses on contemporary discussions on: Risk reporting (market, credit, liquidity and estimation risks) Governance reporting Environmental, Social and Governance (ESG) Risk Reporting It briefly sets out where narrative disclosures could be improved – and why they should be. Risk reporting (market, credit, liquidity and estimation risks) […]

Contemporary issues in narrative reporting for financial reports – the business model

by Carol A Adams There are some interesting contemporary debates in narrative or non-financial reporting.  As ICAS notes  that the term non-financial reporting refers to information which is included in those parts of corporate reports outside the financial statements. But much of that information does in fact have the potential to have a financial impact […]

The TCFD recommendations: a missed opportunity for harmonisation?

by Carol A Adams The Task Force on Climate-related Financial Disclosures (hereafter Task Force) was established by the Financial Stability Board (FSB), an international body that monitors the global financial system. Chaired by Michael Bloomberg the UN Secretary-General’s Special Envoy for Cities and Climate Change, it published recommendations in December 2016. The purpose of the […]

Accounting for the Future

An interview with Carol Adams by Chris Sheedy First published by ICAS, the Institute of Chartered Accountants of Scotland. You can view the original article here. Accounting and sustainability are inseparably linked says Professor Carol Adams CA, who considers  by herself a citizen of the world. Last time we spoke, Professor Carol Adams CA was in her office […]

Transformative change towards sustainability: the interaction between organisational discourses and organisational practices

by Venkateshwaran Narayanan and  Carol A Adams This paper adopts a case study approach to explore the complex process of organisational change towards greater social and environmental sustainability. The case study of a major global financial services organisation involved interviews and examination of company documents, and their website over the period 2000-2014. The rare longitudinal empirical evidence […]

KPMG’s approach to valuing externalities: better decisions or fundamentally flawed?

by Carol Adams Approaches to valuing social and environmental activities have recently provided consultants with a new stream of work and academics with something to critique.  Some are genuinely horrified at the prospect of putting a monetary value or cost on something which is priceless, such as water or biodiversity. KPMG’s New Vision of Value might […]

When interests collide: dealing with stakeholder conflict and other complexities

By Carol A Adams Development in emerging economies such as India is occurring at a rapid pace as the Earth is heading towards climate disaster.  The social and environmental issues are complex, interrelated and sometimes conflicting, particularly when it comes to the trade-off between local and global issues.  The positions of civil society organisations and […]

The future of corporate reporting, the Sustainable Development Goals and capital markets

In this video Paul Druckman talks about the future of corporate reporting and accounting for sustainable development. He discusses the need to incorporate the Sustainable Development Goals into the thinking of capital markets. He argues for increased take up of integrated reporting and the need for convergence across the various standard and guideline setters. Whilst […]

Paul Druckman speaks out on social and environmental sustainability and accountants

In this video Paul Druckman, CEO of the IIRC, talks with Carol Adams about his interest in social and environmental sustainability issues, their relevance to business and their place in the training of accountants. Paul’s interest in sustainability led to him taking a Diploma in Environmental Management. He explains his concern regarding the lack of […]

Video: panel discussion with Paul Druckman: Normalising integrated reporting

This video records a panel discussion with Paul Druckman the CEO of the International Integrated Reporting Council (IIRC), Carol Adams and Richard Slack both Professors of Accounting at Durham University Business School and Anne Adrain, Deputy Director, Sustainability and Assurance at ICAS. The key highlights of each presentation are summarised below. More information about the […]